World Smart Security Market: 22.58% CAGR to 2020 Driven by North America

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ReportsnReports.com adds Global Smart Security Market 2016-2020 latest research report, this analyst forecast the global smart security market to grow at a CAGR of 22.58% during the period 2016-2020.

2016 the global smart security market research says one trend gaining traction in this market is emergence of wireless IP surveillance. Wireless IP surveillance is a highly affordable and easily deployable technology that combines wireless data transmission and IP video surveillance technologies to overcome various challenges such as the lack of network infrastructure and the lack of connectivity in remote locations.

Complete report on smart security market spread across 64 pages, analyzing 5 major companies and providing 25 data exhibits is now available at http://www.reportsnreports.com/reports/738727-global-smart-security-market-2016-2020.html

The following companies are the key players in the global smart security market: Axis Communications, Bosch Security Systems, Honeywell Security, NICE Systems (Qognify), and Tyco International. Other Prominent Vendors in the market are: Anixter, ASSA ABLOY, AxxonSoft, FLIR System, Genetec, Hanwha Techwin, March Networks, Schneider Electric, S2 Security, and Swann.

According to the report, rise in violent activities has driven growth in the global smart security market. Political instability in many parts of the world and regional conflicts have contributed to the increase in activities such as burglary and theft. The number of terrorist attacks such as shootings, bombings, and mass murder leading to the deaths of innocent civilians has increased. According analysis, more violent activities take place in the Americas compared with other countries. Order a copy of Global Smart Security Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=738727

In 2015, surveillance systems that include intelligent video surveillance, intelligent video analytics, and smart cameras accounted for around 62% of the global smart security market. The intruder alarms segment accounted for around 30% of the global smart security market in 2015 and is expected to grow moderately during the forecast period. Intruder alarms are extensively used for commercial, residential, military, and industrial applications as safety against intrusion and burglary. The access control systems segment accounted for around 8% of the global smart security market. For every location including residential and commercial, the primary concern is the security break.

Global Smart Security Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global smart security market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of smart security products.

North America will be the major revenue contributor to the smart security market throughout the next four years. Increasing investments from the government of the US to strengthen their defense and security systems and the introduction of safety standards by the US Federal Energy Regulatory Commission to strengthen the safety of critical infrastructures will increase the adoption of smart security systems in this region.

The commercial segment will dominate the smart security market throughout the next four years. Factors such as employee theft, property crime, and information security will result in a rapid increase in the adoption of security systems such as intruder alarms, video surveillance, and access control systems, which will bolster the market’s growth prospects in the coming years.

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